Blue Chips, Techs Tumble
After Fed Cuts Interest Rates

Stocks fell sharply after the Federal Reserve cut interest rates, as investors focused on a Fed statement suggesting that the economy will continue to be weak.

After trading higher for most of the day, market indexes began falling almost immediately after the Fed announcement. The Nasdaq Composite Index tumbled 2.66%, or 50.05 points, to 1831.30, its lowest level since March 29. The Dow Jones Industrial Average fell 1.41%, or 145.93...